The brokerage has a price target of ₹775 per share, implying a potential upside of 76% from the stock’s last closing price.
Investec described RateGain as a differentiated travel-tech platform with a strong, integrated capability stack, which it believes is unmatched in the industry.
The brokerage also said that the potential impact of AI-led disruption on the company’s business remains limited.
However, it highlighted that execution will be key for the company to sustain its competitive moat and strategic advantage.
Investec further pointed out that RateGain’s market capitalisation is nearly a fourth of Affle 3i, despite operating at a comparable scale within the travel-focused MarTech space.
Among analysts tracking the stock, nine out of 10 have a ‘Buy’ rating, while one has a ‘Sell’ recommendation.
Shares of RateGain Travel Technologies were trading 7.48% higher at ₹472. Despite the sharp rally, the stock remains down 33% so far this year.
